Vislink’s interims reflect what was said at the profit warning in July. Lower than expected revenues in VCS led to a loss for that division and a business improvement plan has now been initiated to ensure it generates acceptable levels of profitability going forward. Pebble Beach, the group’s software division, continues to perform well. Net debt has increased to £8.8m and has subsequently increased with the group now fully utilising its £15m RCF. We make further material cuts to forecasts (VCS ....
